Welcome to Mermaid Cottage--a charming elevated 3BR/2BA pool home in Sanibel's sought-after Gumbo Limbo neighborhood. This is the best-priced elevated pool home currently on the market in Gumbo Limbo, offering exceptional value in a family-friendly community - a rare opportunity to own a Sanibel home well below the island's median price. Surrounded by lush native landscaping, this beach retreat features light-filled living spaces, a spacious enclosed Florida room, wrap-around porches, and a sparkling pool with patio area--ideal for relaxed island living or entertaining. This well-maintained property offers a perfect blend of island charm and modern comfort, ideal as a full-time residence, vacation getaway, or investment opportunity. Most recent updates include a new A/C system and new pool equipment in 2023. The roof was replaced in 2018, water heater in 2017. The current flood insurance policy is transferable. Gumbo Limbo is a serene enclave of island-style homes and lakes. Zoned for The Sanibel School, a top-rated K--8 public school. Just a short drive or bike ride to world-renowned beaches, nature preserves, local shops, and dining, Mermaid Cottage invites you to slow down, breathe deeply, and live the Sanibel dream!